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    111 Main St Ann Arbor, MI 48104

    For Lease
    $25 SF/Yr ($9,720 /Mo)

    Prime location, 4,666 sq ft office

    Lot size:
    4,666 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This two-story, 4,666 square foot office building, built in 1960, is available for lease in Ann Arbor's vibrant downtown core. Located on N Main Street, just north of E Huron Street, this single-tenant property boasts a highly desirable location near numerous businesses, retail shops, and residential areas. The building offers convenient access to ample public parking, Kerrytown, the University of Michigan, and M-14. The main floor features a reception area, private offices, conference rooms, restrooms, and a spacious open workspace. The second floor, bathed in natural light, provides a downtown view, a second reception area, additional private offices, restrooms, a conference room, and a large kitchen/break area. A significant benefit is the approximately 2,333 square feet of basement storage space available for lease at an additional $10 per square foot gross. Six rear parking spaces are available, allowing for up to twelve vehicles. The property is zoned Downtown Core District; however, a Grant of Easement protects against vertical redevelopment, ensuring continued light, air, and wind access. This unique opportunity offers a blend of classic charm and modern functionality in a highly sought-after location.

    Property Features for 111 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,666 SF
    Total Rate
    9720.83

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    4,666 SF
    Rate per SF
    $35

    HighLights

    • 4,666 SF traditional office building for lease in downtown Ann Arbor.
    • Single‑tenant occupancy.
    • Located on N Main St, near Huron St, with proximity to amenities and University of Michigan.
    • Two‑story building with a basement offering an additional ±2,333 SF of storage space (available at $10/SF gross).
    • Six parking spaces available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Liberty Title Insurance ... Title Company Zing Title Consultant Misty Mountain Cannabis Cannabis Store Oslo Movement Personal Trainer Stay Well Sports Physical Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.748526100548
    Latitude
    42.281853958584

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 4,666 sq ft office
    Where is this office property / space located?
    The property is located at 111 Main St Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 4,666 SF traditional office building for lease in downtown Ann Arbor.; Single-tenant occupancy.; Located on N Main St, near Huron St, with proximity to amenities and University of Michigan.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Main St Ann Arbor, MI 48104
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